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Consumer / Computer Loan

Purpose For purchase of consumer durables other than vehicles
Eligibility
  • All Individuals
  • Corporate/Non corporate (for non commercial use)
Age 21 years to 65 years, subject to age for repayment
Quantum of Finance For Salaried class 18 months gross salary. Maximum Rs.5.00 lacs.
For Pensioners 12 months gross pension. Maximum Rs.3.0 lacs
Other Individuals Twice the annual income as per last ITR. Maximum Rs.6.00 Lacs.
For Corporate/Non-corporate Twice the last year PAT (Profit after tax) + Dep. Maximum Rs.10.00 Lacs.
For Computers and their accessories Max.Rs.2.00 Lacs for Individuals & Rs.5.00 lacs for Corporate/Non-corporate
Margin 10%
Rate of Interest Please click here For rate of interest
Processing fee Please click here For Processing fee
Documentation charges Actual Stamp/Revenue expenses only.
Security Hypothecation of assets created.
Repayment

12 to 60 months

For Computer Loan, maximum repayment period 36 months
Age for Repayment
Service class non pension optees upto 60years
Service class with pension upto 70 years
Others upto 70 years
Prepayment No pre-payment charge to be levied.
Guarantee Third party/mutual guarantee/guarantee of spouse/major son /daughter. In case, co-borrower is taken, guarantee may be waived.
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